India Financial News

Tata Power Delhi Distribution on Tuesday said it has inked an initial pact with India Smart Grid Forum for the 'Vehicle-to-Grid Technology Demonstration Project'. The initiative aims to explore the potential of EVs to provide essential grid services like frequency and voltage support, test their viability as backup power sources during outages, and examine the impact of bi-directional charging, a company statement said. The pilot project aims to showcase the basics of how electric vehicles (EVs) can interact with the grid. This project looks at reducing carbon emissions within the transportation and energy sectors, Tata Power Delhi Distribution Ltd (Tata Power-DDL) which supplies electricity to a populace of 7 million in North Delhi, said… Additionally, the project will investigate how EVs can participate in the power market by storing electricity when prices are low and selling it back during peak hours. It will also test the feasibility of charging EVs with green electricity.

economy is cognisant of the fact that the Indian economy is on the cusp of a long-awaited takeoff, the Reserve Bank of India on Tuesday said that extreme deprivation is set to become extinct. The central bank in its monthly bulletin noted that external agencies like International Monetary Fund and the World Bank have shown considerable appreciation for the dramatic reduction in poverty seen in recent decades. The World Bank has estimated that only 12.9 per cent of the Indian population lived on $2.15 per day at the height of the Covid-19 pandemic in 2021. $2.15 is the the global benchmark for extreme poverty.

Sunrisers Hyderabad (SRH) and Kolkata Knight Riders (KKR) are set to clash in Qualifier 1 of the Indian Premier League (IPL) 2024 at Ahmedabad's Narendra Modi Stadium. Both teams have dazzled audiences with their explosive batting, making this season a standout in T20 cricket. This face-off promises high entertainment value, given their history of setting new records with numerous fours and sixes. Weather agencies predict no rain in Ahmedabad today during today's match. The temperature is anticipated to range between 31 and 45 degrees Celsius and it could be a high scoring game.

India's northwest braces for more heatwave days this summer, capital Delhi has ordered the closure of all schools as temperatures surge as high as 47 degrees Celsius ahead of voting in the final two phases of national elections. The India Meteorological Department said a confluence of weather patterns was driving up temperatures in the breadbasket region. WHY IS INDIA IS SEEING MORE HEATWAVES?

The NSE Nifty index closed 27.05 points up at 22529.05, while BSE Sensex ended down 52.63 points at 73953.31.

Shares of MphasiS Ltd.(up 2.17 per cent), Tech Mahindra Ltd.(up 1.4 per cent), Coforge Ltd.(up 1.29 per cent), L&T Technology Services Ltd.(up 0.43 per cent) and HCL Technologies Ltd.(up 0.23 per cent) ended the day as top gainers in the pack.

SJVN Ltd.(up 9.99%), Adani Power Ltd.(up 7.15%), NHPC Ltd.(up 5.32%), Indo Tech Transformers Ltd.(up 5.00%), Jyoti Structures Ltd.(up 4.82%), Voltamp Transformers Ltd.(up 4.22%), GE T&D India Ltd.(up 3.82%), Suzlon Energy Ltd.(up 3.65%), Kalpataru Projects International Ltd.(up 3.42%) and Power Grid Corporation of India Ltd.(up 2.77%) stood among the top gainers.

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National Pension System (NPS) can opt for partial withdrawal from their investments in the scheme. What is NPS? National Pension System (NPS) is a pension cum investment scheme launched by Government of India to provide old age security to investors. NPS is a market-linked defined contribution scheme that helps you save for your retirement. The scheme is simple, voluntary, portable and flexible In accordance with the most current National Pension System laws, members will be able to withdraw up to 25% of the money they individually contribute to their accounts beginning on February 1, 2024, once three years have elapsed after the account was created. The employer's contribution, if any, and any returns earned on the contributions should not be included in the partial withdrawal.

Sikko Industries Ltd.(up 5.65%), Madras Fertilizers Ltd.(up 3.22%), Rashtriya Chemicals & Fertilizers Ltd.(up 2.69%), Krishana Phoschem Ltd.(up 2.47%), Gujarat State Fertilizer & Chemicals Ltd.(up 0.99%), National Fertilizers Ltd.(up 0.84%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 0.77%), The Fertilisers and Chemicals Travancore Ltd.(up 0.74%), Khaitan Chemicals & Fertilizers Ltd.(up 0.57%) and Chambal Fertilisers & Chemicals Ltd.(up 0.45%) stood among the top gainers.

Indian rupee closed marginally stronger on Tuesday despite weakness in most Asian currencies, with traders broadly expecting the rupee to see rangebound price action ahead of the outcome of India's national elections. The rupee ended at 83.3050 against the U.S. dollar, slightly higher than its close at 83.3350 on Friday.

Hormazd Sorabjee, Editor, Autocar India, says Nexon is the mainstay of the Tata range. It is their number one seller and Tata Motors will do a lot to guard its stuff. So, I am sure we will see a lot of action in terms of, might even be pricing going forward. The Maruti offering s almost like a bare car compared to the 3XO; yet it sells in a lot of numbers and that tells us that things like service and reliability turn out to be a key factor. There is a lot of buzz around the Mahindra launch. There are a lot of headlines talking about how the bookings have been in a matter of 60 minutes, in a matter of a day, etc. But what is the reality? I am sure you have tried and tested this one. Is it really that people would be lining up for this one? Hormazd Sorabjee: They have come out all guns blazing with this 3XO. It was sort of like a do or die for them because this is one segment they have not been competitive in at all and they really want to grab market share. They have genuinely wowed the market with a product that is very high on features, has got a lot of tech on it and at a very good price.

Man Industries (India) Ltd on Tuesday said it has bagged new orders worth Rs 505 crore from an international company. The order is for the supply of various types of pipes, the company said in a BSE filing. «The company has received new export orders of approximately Rs 505 crore,» it said. The total unexecuted order book of the company as of today stands at approximately Rs 2,100 crore which would be executed in the next six to eight months, according to the filing.

The NSE Nifty index ended the session 27.05 points up at 22529.05, while BSE Sensex fell 52.63 points to 73953.31.

Benchmark NSE Nifty closed 27.05 points down at 22529.05 amid buying in frontline bluechip counters.

intense summer heat, Discom officials said. According to the State Load Dispatch Centre (SLDC) Delhi real-time data, the peak demand of the city broke all previous records. It reached 7717 MW at 3.33 pm, they said. Delhi's previous all-time high peak power demand was recorded at 7,695 MW on June 29, 2022, officials said.

variyali sharbat. This summer drink from the state of Gujarat—made from just two ingredients saunf soaked overnight (fennel seeds) ground up with khaadi saakar (rock sugar candy) in a stone mortar and pestle, then strained and diluted with water—was something Diwekar claimed is not just a cool aid for summer. Hand grinding in a stone mortar pestle is an important step because it's a cold grind to preserve the aromas and essential oils of the spices as opposed to the grinding them in a mixer which heats up affecting the delicate essence.

₹3 crore to ₹4 crore including cap-ex, deposits and inventory," the annual report said. In FY24, Zudio entered 46 cities and added more presence in 48 cities. Also read: Fashion forward: Trent captivates with zesty Zudio expansion Zudio grew its footprint by 203 stores in the last financial year and is now more accessible than ever before with a growing density of presence in multiple micro markets, the retailer said.

Also Read: Explained: What's driving the ongoing uptrend in metal stocks? The country is experiencing a significant surge in power demand each month, driven by increased usage in both the industrial and household sectors. The above-normal temperatures witnessed across most regions during April and May have led to a surge in the use of cooling appliances such as air conditioners and desert coolers, resulting in heightened power consumption. The India Meteorological Department (IMD) has forecast above-normal maximum temperatures across the country for the summer season.

KKR vs SRH Live Score Updates, Play-off IPL 2024: We are finally in the IPL 2024 playoffs, and this time, the viewers are in for a lot of surprises. After an incredible 2024 season, Shreyas Iyer-led Kolkata Knight Riders finished at the top of the IPL points table for the first time in 17 seasons. With some massive records to its name, Sunrisers Hyderabad's journey to the second spot has been a mix of courage and luck.

Indian Renewable Energy Development Agency Ltd (IREDA) share price gained more than 4% on Tuesday during intraday trades. The IREDA share price opened at ₹177.00 on the NSE, however rose to ₹184.80 by afternoon, reflecting gains of 4.8 % over the previous close. Choice Broking has recommended Buying IREDA at ₹181 levels with a target of ₹203 for IREDA share price and a stop loss at 170 .